by Calculated Risk on 3/11/2021 01:20:00 PM

Note: I'm posting data for many local markets around the U.S. The story is the same everywhere ... inventory is at record lows.

For Portland, OR:

Closed sales in February 2021 were 1,978, up 4.3% from 1,897 in February 2020.

Active Listings in February 2021 were 1,993, down 44.3% from 3,580 in February 2020.

Months of Supply was 1.0 Months in February 2021, compared to 1.9 Months in February 2020.